The Fort Worth Press - East Timor says Australia pipeline deal to be struck by November

USD -
AED 3.672953
AFN 71.988544
ALL 95.36708
AMD 398.831079
ANG 1.794237
AOA 914.499688
ARS 1040.244954
AUD 1.61577
AWG 1.8
AZN 1.696933
BAM 1.898817
BBD 2.010058
BDT 120.959991
BGN 1.898941
BHD 0.376844
BIF 2945.171234
BMD 1
BND 1.363656
BOB 6.879545
BRL 6.055398
BSD 0.995515
BTN 86.155474
BWP 14.012349
BYN 3.257995
BYR 19600
BZD 1.999767
CAD 1.435775
CDF 2834.999836
CHF 0.91258
CLF 0.03648
CLP 1006.600846
CNY 7.331601
CNH 7.347685
COP 4286.45
CRC 501.735395
CUC 1
CUP 26.5
CVE 107.052359
CZK 24.537301
DJF 177.278111
DKK 7.243175
DOP 60.901434
DZD 135.907032
EGP 50.450999
ERN 15
ETB 126.303281
EUR 0.970885
FJD 2.330284
FKP 0.823587
GBP 0.819715
GEL 2.84026
GGP 0.823587
GHS 14.850149
GIP 0.823587
GMD 71.505112
GNF 8656.000208
GTQ 7.678566
GYD 208.279531
HKD 7.789205
HNL 25.324628
HRK 7.379548
HTG 129.96835
HUF 399.780213
IDR 16301
ILS 3.62405
IMP 0.823587
INR 86.567103
IQD 1304.162096
IRR 42087.499584
ISK 140.680124
JEP 0.823587
JMD 155.908837
JOD 0.709399
JPY 157.874498
KES 129.500038
KGS 87.450477
KHR 4040.999685
KMF 478.224978
KPW 900.000111
KRW 1460.594655
KWD 0.30857
KYD 0.829604
KZT 527.888079
LAK 21820.000169
LBP 89550.000351
LKR 293.237025
LRD 186.666278
LSL 18.88603
LTL 2.95274
LVL 0.60489
LYD 4.954974
MAD 10.019611
MDL 18.716323
MGA 4705.000296
MKD 59.7333
MMK 3247.960992
MNT 3398.000107
MOP 7.983612
MRU 39.919944
MUR 47.040195
MVR 15.397218
MWK 1736.000137
MXN 20.529301
MYR 4.5075
MZN 63.902255
NAD 18.88603
NGN 1547.980186
NIO 36.639887
NOK 11.38623
NPR 137.84714
NZD 1.784935
OMR 0.385002
PAB 0.995524
PEN 3.764332
PGK 4.0533
PHP 58.676496
PKR 277.406944
PLN 4.141293
PYG 7844.507874
QAR 3.628703
RON 4.830299
RSD 113.705406
RUB 102.001573
RWF 1385.209097
SAR 3.753616
SBD 8.443177
SCR 15.028155
SDG 601.000184
SEK 11.18216
SGD 1.368115
SHP 0.823587
SLE 22.650079
SLL 20969.49992
SOS 568.91823
SRD 35.104958
STD 20697.981008
SVC 8.710595
SYP 13001.999985
SZL 18.869537
THB 34.770008
TJS 10.881351
TMT 3.51
TND 3.209289
TOP 2.342105
TRY 35.5071
TTD 6.759158
TWD 33.040499
TZS 2525.00008
UAH 42.080057
UGX 3679.575926
UYU 43.776274
UZS 12913.46686
VES 53.89669
VND 25387.5
VUV 118.722008
WST 2.800827
XAF 636.839091
XAG 0.03353
XAU 0.000374
XCD 2.70255
XDR 0.767364
XOF 638.500677
XPF 115.785284
YER 249.01501
ZAR 18.942499
ZMK 9001.202219
ZMW 27.601406
ZWL 321.999592
  • RBGPF

    60.6700

    60.67

    +100%

  • SCS

    0.1100

    11.24

    +0.98%

  • CMSD

    0.0900

    23.2

    +0.39%

  • RYCEF

    -0.0400

    6.91

    -0.58%

  • GSK

    -0.6200

    32.08

    -1.93%

  • CMSC

    0.0800

    22.88

    +0.35%

  • RIO

    0.8600

    60.38

    +1.42%

  • BCC

    3.1000

    123.61

    +2.51%

  • NGG

    -0.1600

    56.27

    -0.28%

  • BTI

    0.3700

    35.72

    +1.04%

  • RELX

    0.1800

    46.08

    +0.39%

  • BCE

    -0.6700

    22.54

    -2.97%

  • AZN

    -0.3600

    65.37

    -0.55%

  • JRI

    0.1900

    12.23

    +1.55%

  • VOD

    0.0500

    8.25

    +0.61%

  • BP

    -0.1300

    31.09

    -0.42%

East Timor says Australia pipeline deal to be struck by November
East Timor says Australia pipeline deal to be struck by November / Photo: © AFP

East Timor says Australia pipeline deal to be struck by November

East Timor President Jose Ramos-Horta said on Wednesday a deal with Australia on a vast fossil fuel project seen as crucial to the tiny nation's economic future will be struck by November.

Text size:

Speaking to AFP at his residence in the capital Dili, the Nobel-winning leader said an agreement on the Greater Sunrise project -- which aims to tap trillions of cubic feet of natural gas -- would be signed within weeks.

Exploration has been stalled for years at the project, located in waters between the neighbouring countries, due to disputes over maritime boundaries and whether the gas should be refined in Australia or East Timor.

"Soon we will sign an agreement with Australia on the development of Greater Sunrise. A decision will be made to develop the big gas field," he said.

"The agreement should be signed no later than November, probably. It will be signed this year."

Asia's youngest nation, which secured independence in 2002, is trying to shore up the future of its nascent economy, which is heavily reliant on oil and gas reserves.

"China needs it, Japan, South Korea, they need it," Ramos-Horta said of Greater Sunrise.

However, he said whether resources would be piped to East Timor or Australia was still to be decided by both governments after an independent study.

"Why should it go to Darwin?" he said.

Project operator Woodside Energy also appeared to manage expectations in an investor call last month, saying "Sunrise has a lot of complexity... we've got a bit of work to do".

Australian officials had been concerned that China could fund the project when there were already wider fears about Beijing's expanding regional influence.

That includes in East Timor, which sits a few hundred kilometres off Australia's northern coast.

Ramos-Horta said in a wide-ranging interview that relations with Canberra, tense for years over a spying scandal that became public in 2018, have been reset.

"The bugging was unkind. But... every country, they bug everybody else," he said.

"So now we have great relations with Australia. Australia is a true friend, a great friend."

- US-China rivalry -

The 74-year-old spoke of delicately balancing relations with the United States and China as competition ramps up in the Asia-Pacific region, condemning critics over East Timor's warming ties with Beijing.

Australia and New Zealand have historically been the region's go-to security partners but there are worries in Washington that China may one day parlay agreements with small nations into a permanent military foothold.

"We have Australian, Portuguese and American military personnel. We don't have any Chinese military personnel. So what are they talking about?" Ramos-Horta said.

He brushed aside a 2023 deal to upgrade ties with Beijing as "formalities".

"China has such comprehensive strategic framework agreements.. with many other countries," he said.

He then called on Beijing and Washington to tamp down rising regional competition.

"Superpowers, they have a responsibility to their own people, they have a responsibility to the region, to the rest of the world," he said.

"They should be... benevolent, wise," he added, saying Chinese President Xi Jinping and the next US president should meet to reset relations.

- Church abuse -

One of East Timor's central liberation figures, Ramos-Horta's struggle for independence from Indonesia through tireless diplomacy in a decades-long exile won him a Nobel Peace Prize and two terms, a decade apart, as leader.

He shared that Nobel prize with Bishop Carlos Ximenes Belo, who was accused of sexually assaulting young boys and was secretly sanctioned by the Vatican in 2020 and now lives in Portugal.

Ramos-Horta said he wants "no child abuse" in East Timor, responding to a call by Pope Francis during the pontiff's three-day visit this week for the country's leader to do more on all forms of abuse.

He repeated that he would follow the Vatican's laws to deal with clergy members and, if any cases fell under the purview of East Timor's legal system, they would be dealt with.

Ramos-Horta said of Belo that the Timorese still respected him for how he saved lives during the struggle for independence from Indonesia.

"Our people, in spite of the revelations that have come, they keep this respect for Bishop Belo," he said.

"I feel the same like the people."

M.T.Smith--TFWP